Barclay's shares fall 11 percent

Shares of Barclays plunged 11 percent after reporting a dividend cut, restructuring including reducing the bank’s stake in Africa and a drop in full-year profits. According to media reports, the underlying profits for the year 2015 fell 2 percent to £5.4bn. The bank said that in 2016 and 2017 it would slash its dividend by more than half to 3p per share.